USDA raises global soybean oil export forecast for 2025/26
The U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service has increased its global soybean oil export forecast for the 2025/26 season by 336,000 tons to 13.69 million tons.
The agency notes that the main factor was a revision to the U.S. shipment forecast—the figure was increased by 336,000 tons to 544,000 tons.
The agency also expects China to maintain its status as a net soybean oil exporter for the second consecutive year, thanks to record export volumes and a decline in import volumes.
“As recently as 2012/13, China was the world’s largest importer of soybean oil. During this period of high imports, China also became the world’s leading soybean oil producer, driven by significant investment in processing capacity,” the USDA stated in its January report.
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